USDCHF - Price can exit from pennant, and then start to grow
Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in commentsđź‘Š
Recently price entered to falling channel, where it first reached resistance level, which coincided with resistance area.
Then CHF bounced down from this level and fell to almost support line of channel, after which made upward impulse.
Swiss Franc exited from channel, broke $0.9155 level, and rose to $0.9220 points, but soon turned around and started to fall.
Also, price formed pennant pattern, where it declined to support line and soon bounced up, breaking $0.9050 level.
Later CHF reached resistance line of pennant, but recently CHF bounced down and declined to support line.
So, I think Swiss Franc can exit from pennant pattern and then bounce up from support level to $0.9120
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price entered to falling channel, where it first reached resistance level, which coincided with resistance area.
Then CHF bounced down from this level and fell to almost support line of channel, after which made upward impulse.
Swiss Franc exited from channel, broke $0.9155 level, and rose to $0.9220 points, but soon turned around and started to fall.
Also, price formed pennant pattern, where it declined to support line and soon bounced up, breaking $0.9050 level.
Later CHF reached resistance line of pennant, but recently CHF bounced down and declined to support line.
So, I think Swiss Franc can exit from pennant pattern and then bounce up from support level to $0.9120
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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